500 million dirhams to support small and medium enterprises

Deputy Finance Minister Younis Haji Al Khouri said, "The UAE views the role and contribution of small and medium-sized companies as very important." Al Khouri told Emirates Today, on the sidelines of the World Summit of Governments in Dubai today, Pain


Undersecretary of the Ministry of Finance Younis Haji Al-Khouri said, "The UAE attaches great importance to the role and contribution of SMEs."

Al Khouri told Emirates Today, on the sidelines of the World Summit of Governments in Dubai today, that the volume of loans for these companies in the local market will be increased as well as providing more facilities provided to them at the federal and local levels.

Al Khouri, who is also the Vice Chairman of Emirates Development Bank, said: "The bank has 500 million dirhams to develop these small and medium-sized enterprises, as well as supporting young people who want to enter the private sector."

He explained that the decision of the Council of Ministers to allocate 10% of the procurement of government agencies for small and medium enterprises comes within the framework of policies to support these companies.

REF: https://www.emaratalyoum.com/business/local/2019-02-11-1.1181497